According to the table below, what is the average total cost of producing 160 units of output?QFCVC01,0000201,000350501,000700901,0001,0501251,0001,4001451,0001,7501601,0002,100

A surplus is defined as

A) the excess of total expenditures over total revenues. B) government spending plus transfer payments. C) the sum of all past borrowing by the government. D) the excess of total revenues over total expenditures.

Covered interest arbitrage involves both

A) the purchase of a foreign asset and a forward contract in the market for foreign exchange. B) the purchase of a domestic asset and a spot contract in the market for foreign exchange. C) the sale of a foreign asset and the purchase of a forward contract in the market for foreign exchange. D) the sale of domestic stocks and the purchase of foreign bonds. E) None of the above.